Albany, NY, March 12, 2015 (GLOBE NEWSWIRE) -- Transparency Market Research has published a new market report titled "Polycarbonate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020." According to the report, the global polycarbonate market was valued at US$ 12.86 Bn in 2013 and is anticipated to reach US$ 19.59 Bn by 2020, expanding at a CAGR of 6.2% between 2014 and 2020.
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Polycarbonate is a thermoplastic polymer manufactured using bisphenol A (BPA) and phosgene as the major feedstock. It can be easily molded and thermoformed to form various products. Polycarbonate offers high impact resistance; however, it lacks the property of scratch resistance. Polycarbonate is highly transparent vis-à-vis many types of glasses. It can sustain major plastic deformations without breaking or cracking and have thermal stability over a range of temperature. Thus, various transformation processes such as extrusion with tube or cylinders and injection molding can be used to manufacture different polycarbonate products.
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Rising demand for light vehicles is projected to drive the polycarbonate market in the near future. Expansion in the global consumer electronics industry and increasing usage of thermoplastic polymers in the manufacture of electronic components is boosting the polycarbonate market. Furthermore, significant increase in demand for polycarbonates in packaging application and high growth in emerging economies is fuelling the polycarbonate market. However, volatility in prices of major raw materials is estimated to hamper market growth. Rising demand for bio-based and scratch resistant polycarbonates is likely to provide immense growth opportunities for the polycarbonate market in the next few years.
In terms of volume, electronics application segment held the largest share of the global polycarbonate market in 2013. The segment accounted for over 26% share of the market in 2013. Automotive is expected to be the fastest growing application segment in the next few years. Rising demand for light vehicles is projected to boost the automotive application segment during the forecast period. Packaging and construction segments are estimated to expand at moderate rates in the next few years.
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Asia Pacific dominated the global polycarbonate market, accounting for more than 61% share in terms of volume in 2013. This can be ascribed to growth in automotive and electronics applications. The region was followed by Europe and Rest of the World (RoW). Demand for polycarbonate packaging in RoW is anticipated to increase at a moderate rate in the next few years owing to steady demand in automotive and construction applications.
Other Reports By Transparency Market Research :
- Glass Fibers Market : http://www.transparencymarketresearch.com/glass-fibers-market.html
- Polystyrene & Expandable Polystyrene (EPS) Market : http://www.transparencymarketresearch.com/polystyrene-eps-market.html
Key players in the polycarbonate market include Bayer MaterialScience AG, Chi Mei Corporation, Trinseo (Styron), Mitsubishi Engineering-Plastics Corporation, SABIC Innovative Plastics, Teijin Limited, Idemitsu Kosan Co., Ltd., Centroplast Engineering Plastics GmbH, Royal DSM, and Asahi Kasei Chemical Corporation.
This report segments the global polycarbonate market as follows:
Polycarbonate Market: Application Analysis
- Automotive
- Electronics
- Construction
- Optical media
- Packaging
- Others (Including medical implants, tableware, etc.)
Polycarbonate Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.